Quo 5 Not complete Marted out of 6.00 Flag question Computing Financial Statement Measures The following pretax amounts are taken from the adjusted trial balance of Mastery Inc. on December 31, 2020, its annual year-end. Assume that the income tax rate for all items is 25. The average number of common 20.000 acertained earnings December 31, 2019 5.000 Sales revenue 240.000 Cost of goods sold 34,000 Sting expenses 21100 27.200 Ganon sale of investments 8.000 Uneed non debet investments.net 300 Prior period adjustment understatement of deprecation from prir period 2010 Dividendidered and paid 12.00 Required Compute the following amounts for the year end financial statements of 2020 Do not use negative signs with any of your answers Round the per share amount to two decimal places Arm os pro Open income 1 Compre com 2000 5 1 Check o Previous Save Award Type here to search O G D op ber 31, 2020, its annual year-end. Assume that the income tax rate for all items is 25%. The average number of common shares outstanding during the year was Neal Question 5 Not complete Marked out of 6.00 P Flag question Computing Financial Statement Measures The following pretax amounts are taken from the adjusted trial balance of Mastery Inc. on December 31, 2 20,000. Balance, retained earnings, December 31, 2019 5 36,000 Sales revenue 240,000 Cost of goods sold 84,000 Selling expenses 28.800 Administrative expenses 27,200 Gain on sale of investments 8.000 Unrealized holding gain on debt investments, net of tax 3,400 Prior period adjustment, understatement of depreciation from prior period (2019) 16,000 Dividends declared and paid 12.800 Required Compute the following amounts for the year-end financial statements of 2020. Do not use negative signs with any of your answers. Round the per share amount to two decimal places. Item Gross profit (2000) b. Operating income (2020) Net income (2020) d. Earnings per share (2020) e. Comprehensive income (2020). Retained earnings balance (December 31, 2020) Amount $ $ 5 $ 5 5 ooooo Check Previous Save Answers G - Type here to search 2 o